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Closing The Sale


There is nothing more awesome than taking ownership of your new dream home. But before you do that, you better loosen up your writing hand. Did someone say paperwork?

The Offer


Here you are, ready to make an offer on your first home! And since you’re about to part with an insane amount of money, it’s time to get close to your REALTOR®.

The Home Search


You’re really doing it! You know what you can afford and you’ve got your pre-approval letter. But before you buy the home of your dreams, you’ve gotta find it first.

Mortgage Lending 101


Unless you have a boatload of cash under your mattress, buying a home usually costs more money than you currently have. First, you’ll need a competitively-priced loan.

Knowing When You’re Ready


Buying a home is so grown-up and impressive, but there are a few things you should think about before you start telling everyone how grown up and impressive you are.

NEW LISTING: Waterfront Property at West Magic

Spiffy waterfront home located in West Magic, Idaho. Imagine yourself with a boat anchored at the private dock and lounging on the huge north side deck … time to play!

This 3 bedroom, 2 bath homes features a large master loft with private bath and lock-off closets. Sitting on 0.173 acres and nestled up to Magic Reservoir make this your perfect home away from home.

Spacious homes features wood floors, floor to ceiling windows with views of the lake, open floor plan and soaring ceilings. When it’s hot, take a dip in the lake. When it’s cold, sit by the wood stove and enjoy a game of pool.

Listed at $239,000, this home is ready to be yours. To schedule a private showing, call Debra Hall at 208-928-7653.

New Listing by Debra Hall. West Magic, Idaho

2016 Real Estate Forecast

http://www.realtor.org/videos/2016-forecast-modest-increase-in-home-sales-expected

WASHINGTON (January 12, 2016) — Following the housing market’s best year in nearly a decade, existing-home sales are forecasted to expand in 2016 at a more moderate pace as pent-up buyer demand combats affordability pressures and meager economic growth, according to National Association of Realtors® Chief Economist Lawrence Yun in a newly-released video on his 2016 housing market expectations.

In the NAR-published video, Yun discusses his expectations for the U.S. economy and housing market in 2016 and points to pent-up demand, sustained job growth and improving inventory conditions as his reasons for an expected gain (from 2015) in new and existing-home sales (view infographic).

Despite his forecasted increase in sales, Yun cites rising mortgage rates, home prices still outpacing wages and shaky global economic conditions as headwinds that will likely hold back a stronger pace of sales.

“This year the housing market may only squeak out 1 to 3 percent growth in sales because of slower economic expansion and rising mortgage rates,” Yun says in the video. “Furthermore, the continued rise in home prices will occur due to the fact that we will again encounter housing shortages in many markets because of the cumulative effect of homebuilders under producing for multiple years. Once the spring buying season begins, we’ll begin to feel that again.”

With one month of data remaining for 20151, Yun expects total existing-homes sales to finish the year up 6.5 percent from 2014 at a pace of around 5.26 million —the highest since 2006, but roughly 25 percent below the prior peak set in 2005 (7.08 million). The national median existing-home price for all of 2015 will be close to $221,200, up around 6 percent from 2014. In 2016, existing sales are expected to grow between 1 and 2 percent (5.30 to 5.40 million) and prices between 5 and 6 percent.

The National Association of Realtors®, “The Voice for Real Estate,” is America’s largest trade association, representing 1.1 million members involved in all aspects of the residential and commercial real estate industries.

NAR Chief Economist Analyzes Fed Rate Hike

Mayor Of Hailey Outlines The Good, The Bad, And The Ugly…

While presenting the “State of the City” at the Hailey Chamber of Commerce Quarterly Membership Meeting, Hailey’s Mayor, Fritz Hammerle, went over what he calls…

“You have the good, the bad, and the ugly. So we started out the talk about some of the challenges that the city is facing, particularly with infrastructure, those kinds of things. The water calls that we’re currently facing from the south valley. Those are some of the challenges we’re facing,” said Hammerle.

Mayor Hammerle said that one of the challenges the city faces is it does not have enough revenue to meet all of the operational costs. For example, just one snow storm costs the city $16,000 to plow.

More of the ugly?

In addition to budgetary concerns and a drought, the list includes the possibility of big box stores coming to town and nuclear waste talks with Idaho’s attorney general.

And how about the good?

“Particularly within last year, Hailey’s become an incredibly vibrant place. We have some super outstanding businesses that just opened up. So we’re excited about those,” said Hammerle.

More of the good includes current projects to help make downtown Hailey even more vibrant.

The city is working with a BSU PhD candidate on possibly developing town square.

Hailey was also awarded a “Livable Main Street Grant.”

In addition to presenting their own update, the Hailey Chamber of Commerce gave out the very first “Chamber Super Star Award.”

“That went to Delbert McMurto, who is a volunteer at our office. He’s a gentleman who comes in every Monday afternoon, he does whatever we need for him to do,” said Debra Hall, president of the Hailey Chamber of Commerce.

Story on the KMVT website at: Mayor Of Hailey Outlines The Good, The Bad, And The Ugly

Patrick Buchanan awarded for dedicated service!

On 2-25-15 at the Wood River Inn in Hailey at the Board of Directors meeting, Chamber President, Debra Hall, owner of Hallmark Idaho Properties, presented Patrick Buchanan, owner of State Farm Insurance, with a plaque of recognition for his dedicated service to the Hailey Chamber of Commerce from 2009 to 2014. He’s been a valuable member of the Chamber board since he first opened his business in 2009. Patrick will continue his service on committees to promote the businesses of Hailey.

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